Fort Worth, TX (September 28, 2021) – Forensic, Litigation and Valuation Managing Director, Robert Allen CFA, ABV, has earned the Certified in Entity and Intangible Valuations credential from the American Institute of Certified Public Accountants (AICPA).
Allen has in-depth financial advisory and valuation experience with a focus on business valuation, intangible asset valuation, and value enhancement consulting. He has valued closely held businesses and assets in a variety of industries for a variety of purposes, including tax reporting, financial reporting, regulatory compliance, litigation support, management consulting, succession planning and transactional advisory support. Allen’s financial reporting experience includes purchase price allocation/intangible asset valuations (ASC 805), impairment testing (ASC 350/360), and equity-based compensation/options (ASC 718/IRC 409a). In addition, he has experience consulting with business owners on valuation and strategic planning issues, the development of budgets and forecasts, and strategic bench marking.
“Fair value measurements for financial reporting is a complex and evolving area in the valuation world. Whitley Penn is committed to providing high quality valuation services to our clients, as well as a high level of support for our audit teams in reviewing valuations for the firm’s attest clients. The CEIV credential was developed specifically for these types of valuations and demonstrates both the firm’s commitment as well as Robert’s professional commitment to be leaders in the valuation industry,” stated Jim Penn, Whitley Penn Co-founder, CFO, and Forensic Litigation Valuation Services Partner.
Allen graduated with a B.B.A. in Finance from Texas A&M and earned an M.B.A. in Finance from Texas Christian University. In addition to the CEIV credential, he holds the Accredited in Business Valuation (ABV) credential through the AICPA and is a CFA Charterholder through the CFA Institute.
The AICPA grants the Certified in Entity and Intangible Valuations™ (CEIV™) credential to individuals who perform fair value measurements of entities and intangible assets for financial reporting purposes. To earn the CEIV credential, you must meet two levels of rigorous qualification requirements that are based on successfully meeting minimum Business Experience, Education and Exam requirements in the areas of both valuation and fair value measurements.
The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 431,000 members, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education, and consulting.
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